Renaissance Technologies LLC lowered its stake in Navigator Holdings Ltd (NYSE:NVGS) by 82.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,400 shares of the shipping company’s stock after selling 102,800 shares during the period. Renaissance Technologies LLC’s holdings in Navigator were worth $271,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its holdings in Navigator by 34.0% in the second quarter. California Public Employees Retirement System now owns 20,766 shares of the shipping company’s stock valued at $263,000 after acquiring an additional 5,266 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Navigator by 22.3% during the 2nd quarter. Millennium Management LLC now owns 89,984 shares of the shipping company’s stock valued at $1,138,000 after buying an additional 16,427 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Navigator by 2.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 215,083 shares of the shipping company’s stock valued at $2,603,000 after buying an additional 6,000 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Navigator by 245.9% during the 3rd quarter. Royce & Associates LP now owns 759,873 shares of the shipping company’s stock valued at $9,194,000 after buying an additional 540,189 shares in the last quarter. Finally, Gagnon Securities LLC bought a new stake in shares of Navigator during the 3rd quarter valued at $9,567,000. Institutional investors and hedge funds own 70.70% of the company’s stock.
NVGS has been the topic of a number of research reports. Wells Fargo & Co cut shares of Navigator from an “outperform” rating to a “market perform” rating in a report on Thursday, January 10th. Zacks Investment Research upgraded shares of Navigator from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 24th. ValuEngine cut shares of Navigator from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th. Finally, Morgan Stanley set a $13.00 target price on shares of Navigator and gave the company a “hold” rating in a report on Wednesday, November 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Navigator has an average rating of “Hold” and an average target price of $14.50.
Shares of NVGS stock opened at $10.01 on Monday. Navigator Holdings Ltd has a 12 month low of $8.70 and a 12 month high of $13.55. The firm has a market cap of $557.12 million, a PE ratio of 62.56 and a beta of 1.13. The company has a current ratio of 0.94, a quick ratio of 0.84 and a debt-to-equity ratio of 0.78.
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Navigator Holdings Ltd. owns and operates a fleet of liquefied gas carriers worldwide. The company provides international and regional seaborne transportation services of liquefied petroleum gas, petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. As of December 31, 2017, it owned and operated a fleet of 38 vessels.
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